I am not sure this is a god strategy, I have 5-6 coins, and try not to keep more than that as it becomes impossible to keep following the coin's news.
Is holding up to 5-6 coins only too risky ?
how many do you hold and what is your rationale for that number ?
just holding 3 coins. I think my holdings have a lot of space to improve because their developers are active and always updateing investors on their slack and telegram channel.